Railways Poised To Cross File 1.6 Billion Tonnes Freight Loading In 2024-25: Vaishnaw | Financial system Information
New Delhi: Indian Railways is ready to realize 1.6 billion tonnes freight loading in FY 2024-25, making it the third largest freight dealing with railway system on the earth, the Parliament was knowledgeable on Wednesday. As a result of implementation of a number of freight income initiatives, the freight carried by Indian Railways has jumped by 29 per cent from 1,233 million tonnes in 2020-21 to 1,591 million tonnes throughout 2023-24, Railway Minister Ashwini Vaishnaw advised the Lok Sabha in a written reply to a query.
Throughout 2023-24, the earnings of Indian Railways (IR) had been Rs 2,56,093 crore and income expenditure was Rs 2,52,834 crore. The online income has improved to Rs 3,260 crore in 2023-24. Main expenditure is completed on workers price, pension, and vitality consumption, the minister mentioned.
A number of the necessary measures to enhance freight loading embody encouraging the personal sector to develop the trendy rail freight terminals beneath ‘Gati Shakti Multi- Modal Cargo Terminal (GCT)’ coverage and augmenting/ upgrading the infrastructure at railway owned items sheds.
Numerous schemes have been applied for the personal sector to put money into wagons, together with the commodity-focused specialised wagons resembling wagons for cement, oil, metal, fly ash, and cars. The Railways has additionally been facilitating cargo aggregation to increase the commodity basket by the schemes, together with the coverage of “Cargo Aggregator Transportation Product” and “Joint Parcel Product-Speedy Cargo Providers”.
Apart from, a number of tariff-related measures have been applied to reinforce the rail share by making the rail mode aggressive with respect to street transport. These embody Brief Lead Concession for site visitors upto 90 km, Liberalised Computerized Freight Rebate scheme for site visitors loaded in empty move path, reductions on loading of bagged consignment in open and flat wagons, low cost in freight to fy ash/mattress ash site visitors, operation of Mini Rake for Container practice, fixation of particular haulage charge for Bulk Cement (cement in unfastened kind) when transported in regular containers, the minister mentioned.
A number of the expenditure administration on railways consists of manpower administration, electrification of Railway tracks, and many others. Measures like electrification of railway tracks have led to financial savings of greater than Rs 4,700 crore beneath diesel traction in FY 2023-24, the minister mentioned.
He additional said that the operational effectivity of the Railways has been improved with the velocity potential of 110 kmph for trains prolonged throughout 80,000 km at current, as towards solely about 31,000 km in 2014. As well as, upgradation and enchancment of about 23,000 km observe has been performed from 2014-15 to 2024-25 (as much as Feb’25) for a velocity potential of 130 kmph.
